Asked by The nichols family M,S,M,M on Sep 28, 2024

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A company implementing a diversification strategy through forward integration would most likely acquire a supplier.

Diversification Strategy

A business approach that involves entering into new markets or creating new products to spread risk and depend less on a single market or product line.

Forward Integration

A business strategy where a company controls the distribution or supply chain for its products by moving downstream in the production process, often to get closer to the end consumer.

Acquire Supplier

Acquiring a supplier involves taking over or merging with a company that provides essential goods or services to your business, aiming to streamline operations or secure supply chains.

  • Understand the unique aspects of each growth strategy, including market penetration, market development, product development, and diversification.
  • Analyze the role of both forward and backward integration within diversification strategies.
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Shailesh Sharmaabout 15 hours ago
Final Answer :
False
Explanation :
Forward integration involves a company acquiring or merging with a business closer to the consumer in the supply chain, such as a distributor or retailer, not a supplier.